John Jinapor, the Minister-Designate for Energy, has instructed the Electricity Company of Ghana (ECG) to immediately suspend all payments for supplies in an effort to address inefficiencies and stabilize the power sector.
During an interview on Eyewitness News on Thursday, January 9, 2025, Jinapor revealed that ECG has been facing significant revenue losses, primarily due to the challenge of managing over 70 accounts, which has hindered effective monitoring and control.
Jinapor issued a stern warning to ECG staff, particularly within the finance directorate, stating that there would be serious consequences if the directive was ignored.
“The challenge of money emanates from inefficiencies. Because if ECG loses over 40% of its power generated, no matter what you do, you cannot find a solution. Other countries are doing just about 2-4% losses,” he explained.
He also highlighted the complex issue of contract deductions, quality assurance, and IT expenses that have been further depleting the company’s funds.
“So, with this $100 worth of power, you buy and sell, you collect only 60%, and even with that, there are so many contracts, quality assurance, IT, provision and others,” Jinapor noted.
As part of the plan to streamline ECG’s operations, Jinapor announced that all over 70 accounts will be closed and reforms will be implemented to enhance the company’s efficiency and better serve the public. “I have told the ECG…to seize all payment for supplies, and I mean it,” he warned, urging staff to comply with the directive to avoid consequences.